(Reuters) – The European Union is considering reopening a case at the World Trade Organization against the United States over a steel and aluminum dispute that saw the allies hit each other with tariffs on more than $10 billion of goods, Bloomberg News reported on Friday, citing people familiar with the matter. The EU will, …
EU considers restarting WTO case against US over steel tariffs – Bloomberg News Read More »
By Aby Jose Koilparambil and Suban Abdulla (Reuters) -Britain’s Berkeley on Friday joined its sector peers in underscoring the difficult trading conditions in the housing market after the high-end homebuilder saw a slump in its booking rates during the first-half period to October end. Britain’s housing market has battled a pronounced slowdown for most of …
UK’s Berkeley flags persistent housing demand woes amid high-rate environment Read More »
By Clara Denina and Felix Njini LONDON (Reuters) -Global miner Anglo American aims to cut capital expenditure by $1.8 billion by 2026, it said on Friday, as it grapples with a fall in demand for most of the metals it mines and a huge writedown for its British fertiliser project. Anglo’s share price opened 4.2% …
Anglo American plans $1.8 billion spending cuts by 2026 Read More »
By William Schomberg LONDON (Reuters) -The Bank of England looks set to stick to its tough line against talk of interest rate cuts in Britain, even as other leading central banks signal that they might be approaching a turning point in their fight against inflation. The BoE is forecast to keep borrowing costs at a …
Bank of England to hold its line against rate cut talk Read More »
COPENHAGEN (Reuters) – Norwegian Air said on Friday it had asked Norway’s competition watchdog (NCA) to reverse a planned ban of the airline’s takeover of domestic rival Wideroe. “Norwegian strongly disagrees with the NCA’s preliminary assessment,” the carrier said in a statement, adding that the two airlines mostly covered different routes and were not close …
Norwegian Air asks Norway competition watchdog to allow Wideroe takeover Read More »
(Reuters) – European shares were muted on Friday, as a drop in miners offset gains in energy stocks, while investors assessed Germany’s inflation data and keenly awaited a key U.S. employment report to reaffirm expectations of a peak in global interest rates. The pan-European STOXX 600 index rose 0.1% and was headed for a fourth …
European shares muted as miners offset energy boost, US jobs data in focus Read More »
BRUSSELS (Reuters) – France is determined to reach a deal on new EU fiscal rules by the end of the year, France’s Finance minister Bruno Le Maire said on Friday, adding the rate of agreement on this deal had now reached 95%. “If there is a new Ecofin before Dec.25, France will happily participate to …
France’s Le Maire: Rate of agreement at 95% on new EU fiscal deal Read More »
By Alexander Marrow MOSCOW (Reuters) – Russia’s success in evading a Western oil price cap is helping drive a recovery in economic growth as President Vladimir Putin prepares to run for re-election, despite the problems caused by labour shortages, inflation and high interest rates. Russia’s parliament has formally set next year’s presidential election date for …
Analysis-Putin’s economic challenges are numerous but surmountable as election looms Read More »
By Valerie Insinna WASHINGTON (Reuters) -Boeing has signaled to suppliers that plans to ramp up production of its bestselling 737 narrowbody jetliner will move about two months more slowly than originally anticipated, according to two people with knowledge of the matter. The U.S. planemaker now expects it will produce 42 of its 737s per month …
Exclusive-Boeing signals two-month delay to 737 production ramp-up, sources say Read More »
(Reuters) -Chrysler-parent Stellantis NV on Thursday said that it will integrate swappable battery technology in its fleet of rental electric vehicles as it looks to win over potential customers concerned about range anxiety and long charge times. Stellantis said it has signed onto a partnership with San Francisco-based developer of swappable electric vehicle (EV) batteries, …
Stellantis partners EV battery startup Ample for its Spanish rental fleet Read More »
